Japan“s three leading glassmakers are forecasting reduced sales for the year ending in March 1997 as a result of continued low unit prices caused by the invasion of imported products.
The prolonged…
Japan“s three leading glassmakers are forecasting reduced sales for the year ending in March 1997 as a result of continued low unit prices caused by the invasion of imported products. The prolonged depression in the building industry will continue to negatively affect profitability in sheet glass for buildings at Nippon Sheet Glass. While shipments of multi-paned glazing for residential use are up dramatically, high production costs keep profits relatively low. Cutting distribution costs will help double operating profit to Yen 2.5 billion, and the company hopes to boost current profit by 16% by selling off stock. Asahi Glass will see sales down 3% due to stagnation in chemical related areas, though it should see current profit up 4% to Yen 30 billion. Central Glass will see sales down 1% with current profit down 36%.